Trump opens a new front in the global trade war, gold hits a new high aiming for the 3000 mark!

Hot spot tracking

• If the EU does not abolish the spirits tax, it plans to impose a 200% retaliatory tariff on wine and champagne. This news is bearish for the euro.

• The U.S. PPI monthly rate for February recorded 0%, lower than the expected 0.3%, marking the smallest increase since July 2024. This news is bearish for U.S. stocks.

• The United States will impose more sanctions on Russia's oil, gas, and banking industries. This news is bullish for crude oil and natural gas.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.32%1.085251.08527GBP/USD▼-0.11%1.294871.29498AUD/USD▼-0.55%0.628780.62869USD/JPY▼-0.27%147.813147.758GBP/CAD▲0.45%1.869971.86887NZD/CAD▼-0.09%0.822320.82266

• 📝 Review:On Thursday, after Trump's latest threat to impose tariffs on European imports, the dollar index surged and then fell back above the 104 mark, quickly giving up its gains, and finally closed up 0.251% at 103.84.

• 🕵️ Operation suggestion:USD/JPY 147.870 Sell Target Price 146.501

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲1.86%2988.842987.9Silver▲1.94%33.8633.9

• 📝 Review:As global trade wars intensify, stimulating demand for safe-haven assets, spot gold hit a new historical high, approaching the $2990 mark, and finally closed up 1.9% at $2988.89 per ounce.

• 🕵️ Operation suggestion:Gold 2986.60 Buy Target Price 3006.16

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-1.34%66.50866.483Brent Crude Oil▼-1.25%69.78769.765

• 📝 Review:International oil prices fell as the market weighed macroeconomic concerns including escalating trade tensions and progress in Russia-Ukraine ceasefire talks. WTI crude oil closed down 1.38% at $66.47 per barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 66.420 Sell Target Price 64.939

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▼-1.55%19287.2519307.45Dow Jones▼-1.13%40892.440901.4S&P 500▼-1.15%5537.755541.85US Dollar Index▲0.22%103.64103.67

• 📝 Review:The three major U.S. stock indices collectively closed lower, with the Dow Jones down 0.2%, the Dow Jones down 1.3%, the S&P 500 down 1.39%, and the Nasdaq down 1.96%. Nvidia slightly declined, Tesla fell nearly 3%, and Apple dropped 3.3%.

• 🕵️ Operation suggestion:Nasdaq 100 19350.050 Sell Target Price 19102.367

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▼-3.27%80316.680757.5Ethereum▼-2.75%1840.51859.7Dogecoin▼-4.51%0.161870.1629

• 📝 Review:From the overall trend, the Bitcoin market shows a slight advantage for the bulls. As of the opening, the price of Bitcoin is below 8300 points, and the Ethereum exchange rate has hit a new low again, which is undoubtedly a poor performance. However, it is not entirely without highlights. From the 4-hour chart, a consolidation divergence structure has appeared at the current position, which means that a strong rebound may follow. If Bitcoin and Ethereum can both break through the resistance level during the evening US session, it can be preliminarily judged that the market has temporarily bottomed out, and spot positions can be considered to enter the market gradually. From a personal point of view, Bitcoin has been fluctuating above the 233 moving average on the 30-minute chart today, but has not yet achieved a strong breakthrough. In this case, it is recommended to be patient and wait for clearer signals. At present, the probability of a waterfall-like decline in the market is relatively small in the temporary stage.

• 🕵️ Operation suggestion:BitCoin 80941.2 Sell Target Price 76558.3